Bill Title: Venture capital tax credits. Provides that the venture capital investment tax credit may be applied against any retaliatory premium tax liability imposed on out-of-state insurance companies (a retaliatory tax is added in determining Indiana insurance premium tax liability when the state in which the insurance company is domiciled imposes higher taxes and fees on an Indiana domiciled insurer for the same business.) Increases the maximum amount of tax credits available under the venture capital investment tax credit for the provision of qualified investment capital to a particular qualified Indiana business to be the lesser of: (1) the total amount of

Sponsorship: Partisan Bill (Republican 1)

Status: (Introduced - Dead) 2016-01-13 - First reading: referred to Committee on Ways and Means [HB1406 Detail]

Text: Latest bill text (Introduced) [PDF]

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